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Silver prices spike in Jaipur as speculation fuels sharp rally
Silver prices crossed Rs 1.
Local bullion markets witnessed sharp volatility after silver prices surged beyond Rs 1.93 lakh per kilogram in Jaipur. While industrial demand has been cited as a driver, traders point to heightened speculative activity as a key contributor to the spike. Market participants highlighted the presence of dabba trading, including informal paper deals involving large quantities without physical delivery.